Digital Realty Trust, Inc. (NYSE: DLR) shares fell in early trading today on lower trade volume than normal after a number of analysts weighed in on the investing value of the stock and reiterated thier respective ratings.
Meanwhile, U.S. stocks edged lower Monday, with major indexes retreating from record levels.
The Dow Jones Industrial Average DJIA, -0.31% fell 48 points, or 0.2%, to 19,916, while the S&P 500 index SPX, -0.29% lost 5 points to 2,272, a drop of 0.2%. The Nasdaq Composite Index COMP, -0.03% rose 4 points to 5,529, a gain of about 0.1%.
Analysts at Deutsche Bank AG reiterated a Hold rating on shares of Digital Realty Trust, Inc. (NYSE: DLR) in a reserach note to investors, making it one of the more actively watched stocks on Wall Street. The company currently has a rating of Hold on the shares. A number of other analysts have commented on the stock recently, and the company has earned a consensus one-year price target of $106.27, above the opening price of $103.62, a difference of 10.35 percent. Digital Realty Trust, Inc. stock has a 52-week high of $113.21. Stock prices often shift to the upside on recommendations and new price targets of professional brokerage firms.
Yesterday Digital Realty Trust, Inc. (NYSE: DLR) shares last traded at $102.70, which is a dip of $1.34 compared to the previous closing price. Opening at $103.62, they varied from $102.02 and $103.85 throughout the day.
Digital Realty Trust, Inc. (NYSE: DLR) currently has a market cap of 16.32B.
Digital Realty Trust, Inc. (NYSE: DLR) Average Daily Trading Volume
The stock’s average daily volume is 1,482,560 shares out of a total float 158,833,000 and some 183,042 shares crossed the trading desk yesterday, 18 percent lower than normal. lower than normal. Look for trading volume to pick up in the coming days as investors often use increases in trading volume to identify heavy volume accumulation or distribution by institutional investors.
As with all potential breakouts, investors look for volume to be at least 40%-50% higher than normal on the breakout to show that fund managers and other professional investors are jumping in.
Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.
Professional investors such as these have substantial teams of analysts that research thousands of stocks, so it is good confirmation to see them buying a stock you’re researching.
Digital Realty Trust, Inc. (NYSE: DLR) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By spotting trends, moving averages allow investors to make those trends work in their favor and increase the number of winning trades.
With that in mind, Digital Realty Trust, Inc. (NYSE: DLR) now has a 50-day MA of $94.64 and 200-day MA of $98.01. It has traded in a 52-week range between $69.89 – 113.21 and today’s last price is 9.28%% lower than the 52 week high of $113.21.
Earnings growth is an important factor to consider when investing in stocks and investors identify companies that have grown their earnings by at least 25% for 3 consecutive years.
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